Subject: RE: File No. S7-32-22; Release No. 34-96496· Regulation Best Execution
From: Alvin Phanh
Affiliation:

Mar. 19, 2023

 


Dear SEC, 


As an individual investor that your institution is supposed to protect against unlawful practices,  I support this proposed rule File #S-7-32-22 change. The SEC should do everything possible, to protect investor funds from brokers, banks, market makers, and any other organization that commits malpractice or fraud. 


Furthermore, I think it's outrageous that so many conflicts of interests exist in our stock market. How is having access to all systems, self regulation/reporting, and small fines for infractions deemed fair? The individual investor does not enjoy the same or equal access. It's a severely unlevel playing field. 


There are players in the market that control prices of equities. Market Makers gather so much power from brokers, that they can decide if the price of a stock goes up or down. The abuse of market making abilities have hurt investors around the world.  


I appreciate the chance to send in this comment and to express my concern and frustration about certain practices in the current exchange markets. Please change things that are not protecting and helping individual investors like me to be able to trade in a fair and equal way for everybody in the market.   


Thank you for your consideration.